TOKYO (Reuters) – Japan’s Olympus admitted on Tuesday it hid losses on securities investments dating back to the 1980s, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt. The revelations by the 92-year-old maker of endoscopes and […]

ROME (AP) — Italy’s borrowing rates spiked Tuesday to their highest level since the euro was established in 1999 ahead of a budget vote in Parliament that could ratchet up the pressure on Premier Silvio Berlusconi to resign. The markets have turned their attention this week from the political crisis […]

The value of the naira slipped against the United States dollar at the three segments of the forex market last week due to increased demand for the greenback. Specifically, at the parallel market, the naira declined by N1.50 to close at N161.50/$1 from the preceding Friday’s value of N160/$1. Similarly, […]